Back in the bad old days when Bill Clinton was president, income taxes on the very rich were as high as 39.6 percent, although most of the Gotrocks only paid 36 percent on those final dollars of income.
Today the top rates are 33 percent and 35 percent.
That’s right, what all the fuss is about comes down to less than 5 percent. Granted, 5 percent of $100 million is a lot of money, but the nation’s billionaires managed to scrape through while Clinton was in the White House and had enough left after appeasing the IRS to create jobs like…
Deduction cap may be the key to a bipartisan deal
